U.S. unemployment claims rise
U.S. Labor Department reported on Thursday applications for unemployment benefits increased by 5,000 last week.
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Federal Reserve
BofA expects US economy to fall in Q2
Bank of America (BofA) has warned that the U.S. economy could shrank in the second quarter, after an economic data…
Fed hikes interest rates 0.25 point amid global banking turmoil
The U.S. Federal Reserve (Fed) raised interest rates on Wednesday by a quarter percentage point for the ninth time…
U.S. banks borrow from Fed’s lending programme
U.S. banks are rushing to borrow from the lending programme of the Federal Reserve this week, as the banks have…
U.S. consumer price index grows by 0.4% in February
The Consumer price index for all Urban Consumers (CPI-U) increased by 0.4 percent in February on a seasonally…
US economy adds 311K jobs in February
U.S. economy has added 311,000 jobs in February, exceeding economists’ expectations, which estimated the number to…
U.S. weighs new fund as backup if more banks fail
The U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow regulators…
U.S. household debt reaches $16.90 trillion
U.S. household debt increased by 2.4 percent to record $16.90 trillion from October through December last year, the…
Fed officials expects higher rates ahead
Federal Reserve (Fed) officials are committed to fighting inflation and expect higher interest rates to remain in…
Fed’s preferred inflation measure rose 0.3% in September – data
The Federal Reserve’s preferred inflation measure rose 0.3 percent in September, as the cost of gasoline eased,…